What’s happening? S&P dropped, the AUD dropped, while USD/JPY skyrocketed!
Tag - jpy - japanese yen
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President Joe Biden is expected to sign a new “Buy American” order, underlining the essential continuity of US trade policy despite the radical change of tone expected from Donald Trump’s administration.
EUR/USD has been rising since morning, but the further rally is limited by the 200-peiod moving average at 1.2190. Gold is flirting with the $1 850 level.
Asian shares climbed to near all-time highs on Monday as concerns over rising COVID-19 cases and delays in vaccine supplies were eclipsed by the optimism of a $1.9 trillion fiscal stimulus plan to help revive the US economy.
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World shares gained on Wednesday on bets of hefty US spending after US Treasury Secretary nominee Janet Yellen urged lawmakers to "act big" to save the economy and worry about the debt later.
Asian equity markets were mostly positive as the region partially sustained the momentum from the tech-led gains on Wall Street.
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US President-elect Joe Biden proposed a $1.9 trillion stimulus plan to jump-start the world's largest economy and accelerate its response to COVID-19
The GBP is the strongest and the USD is the weakest.
Here is the technical analysis of GBP/USD, EUR/JPY, silver, and AUD/JPY!